September 21, 2011

The Daily Bankruptcy News

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Law:

Dewey Launches London Restructuring Practice With Two-Partner Team From Orrick
(DBN)

Ex-SEC's Becker should face criminal probe: Watchdog
(DBN)

Major hearing in Howrey bankruptcy on Wednesday
(DBN)

With Spate of Suits, Thelen Trustee Makes Late Push to Collect
(DBN)

Sobering Numbers: Law Graduates Who Do Not Become Lawyers
(DBN)

Bankruptcy attorney suspended for 60 days for calling judge's opinions "half baked"
(DBN)

To the Moon, Gleason!
(DBN)

2011 Associates Survey By the Numbers: The Workload
(DBN)

The time is ripe for the introduction of legal apprenticeships
(DBN)

Bankruptcy Lawyer Testifies In Isleworth Murder Trial
(DBN)

Email from distressed husband, murder suspect to bankruptcy attorneys: "I hope you are happy...Go to hell"
(DBN)

Marcellus Shale Attracts Laterals From Miles Around
(DBN)

Deregulating the Legal Profession
(DBN)

Who Will Decide the Future of the Law Business?
(DBN)

Full Tilt Poker, News Corp., BP, IBM, Yukos in Court News
(DBN)

Retired Harvard Law Prof Pleads Guilty to Vehicular Homicide
(DBN)

Mass. GOP Urges Harvard to Eliminate Law Prof Elizabeth Warren’s Salary as She Runs for the Senate
(DBN)

Tulane Students Speak Out About 1L Ex-Con Bruce Reilly
(DBN)

Morality plays and structural criticism - Law School A Lottery Ticket?
(DBN)

The Price of Law School Cost Transparency, An Interview with Law School Transparency
(DBN)

Disgruntled Law Professor Takes Frustration Out on Class
(DBN)

Negative Selling – A Dangerous, Misleading Tactic
(DBN)

The Seven Habits of Highly (In)effective Partners
(DBN)

Sport-Minded Solo Success Story
(DBN)

Hey Everybody, Don’t Call the ‘Guy in the Suit’ a Lawyer!
(DBN)

Chelsy Davy Joins Biglaw
(DBN)

7th Circuit Slaps Lawyer for 345-Word Sentence and Briefs Full of ‘Gibberish’
(DBN)

Taxpayers foot the bill for Justice Department's $16 muffins
(DBN)

Despite Partner’s Protest, Ex-Bookkeeper Gets Deferred Adjudication in Alleged $32K Law Office Theft
(DBN)

Former Saul Ewing Partner Dies in Prison, Where He Was Serving Life Sentence for Murder
(DBN)

Bad News for a Chicago-Area Lawyer Accused of Murder for Hire
(DBN)

Moonlighting lawyer victim of office jokes
(DBN)

Parents fight to evict son
(DBN)

Burglar caught after falling asleep
(DBN)

Mom Threatened With CPS For Letting Child Ride Bike to School
(DBN)

Does the Constitution Protect Flashing Headlights?
(DBN)

______________

Judges:

After raise, appellate judge leaves bench for more money
(DBN)

Bad lawyerly writing exasperates appeals court
(DBN)

______________

Wall Street:

Stock index futures signal gains
(DBN)

Futures Are Higher At The Start Of A Huge Day
(DBN)

World Stocks Mixed Ahead of Fed Meeting Outcome
(DBN)

Stocks Finish Mixed With Eye on 'Operation Twist'
(DBN)

U.S. Stocks Pare Gains
(DBN)

US Stocks Advance Amid Fed Stimulus Bets
(DBN)

U.S. Stocks Near Break-Even for Year
(DBN)

Apple: Too Big for the Dow
(DBN)

Wall Street Faces ‘Brutal’ Fixed-Income Results After Jefferies Decline
(DBN)

Why Employees Say JPMorgan Is A Better Place To Work Than Goldman
(DBN)

Wall Street Protest Update
(DBN)

How The Protestors Manage Their Own Money
(DBN)

The NYPD Is Arresting Wall Street Protesters for Wearing Masks
(DBN)

What Not To Do With Your Goldman Sachs Corporate Credit Card
(DBN)

______________

Layoffs:

Underemployment Stuck at 18.5% in Mid-Sept.
(DBN)

The Only Group That Saw Wage Gains Over The Last 10 Years?
(DBN)

Worry About a New Wave of Layoffs
(DBN)

Florida's high unemployment rate among worst
(DBN)

CA jobless rate to remain stuck at 12% through 2012
(DBN)

New Program for Unemployed Homeowners Falls Short
(DBN)

Why The Jobs Recovery is Different This Time
(DBN)

Power customers may foot bill for layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Obama Wants Banks to Pay for Auto Bailout
(DBN)

GM Aims for Lower US Labor Costs With Buyouts
(DBN)

UAW says deal with GM creates or keeps 6400 jobs
(DBN)

GM suggests new round of UAW job buyouts
(DBN)

6 GM factories win commitments for new jobs
(DBN)

Tesla Motors got big bucks too in program GOP wants to axe
(DBN)

IF Metall union to call for Saab bankruptcy
(DBN)

Swedish Court to rule on Saab case Thursday or Friday
(DBN)

______________

Banking:

Debt Crisis Infects Companies via Bank Costs
(DBN)

UBS faces dual attack in parliament after loss
(DBN)

UBS Senior Staff Should Feel Losses
(DBN)

Singapore investor hits at UBS 'lapses'
(DBN)

UBS chief executive faces board over alleged rogue trader
(DBN)

UBS boss wants investment bank overhaul
(DBN)

Rogue Banks & Traders
(DBN)

The catch-22 of catching a rogue trader
(DBN)

Lehman And UBS Are Cut From The Same Cloth
(DBN)

BofA Said to Dismiss 13 Investment Bankers
(DBN)

RBC Hacks Estimates on Citi, BofA
(DBN)

There Ought to be FDIC Lawsuits? Don't Bother, They're Here
(DBN)

Everyone into the next shadow banking system
(DBN)

______________

Celebs:

'Real Housewives of New Jersey:' Joe, Teresa Giudice withdraw bankruptcy filing?
(DBN)

______________

Aviation:

AMR May Seek Bankruptcy Protection as Labor Talks Hit Impasse
(DBN)

______________

Religion:

Can Robert Schuller Save Calif. Megachurch?, Christian News
(DBN)

Creditors ignoring church's efforts
(DBN)

______________

Resorts:

Barnes Bay, Anguilla Resort Owner, Is Denied Approval of Bankruptcy Plan
(DBN)

Paulson's MSR Resort says creditors will back off
(DBN)

______________

Paper:

Metro mulls Blue Heron bankrupt property bid
(DBN)

______________

Oil/Gas:

OPEC's Trillion Dollar Welfare State
(DBN)

Oil Price Fall Driven by Speculators
(DBN)

______________

Corporate Reform:

SEC Asks Firms to Disclose Offshore Cash
(DBN)

S.E.C. Hid Its Lawyer’s Madoff Ties
(DBN)

______________

Tech:

Hi-tech firms face financial distress
(DBN)

______________

Energy:

Fitch Places Dynegy Inc. & Dynegy Holdings, LLC on Rating Watch Negative
(DBN)

______________

Distressed Investing:

Distressed Assets: Bargains or Burdens?
(DBN)

______________

Compensation:

UBS rogue trader a chance to test bonus clawbacks
(DBN)

______________

Receivers:

Court Invalidates Receivers Sale of Real Property Holding That the Sale of Collateral Over the Objection of the Borrower is Tantamount to De Facto Foreclosure
(DBN)

______________

Textbooks:

Nebraska Book delays key bankruptcy hearing
(DBN)

______________

Economy:

IMF: World economy enters 'dangerous new phase'
(DBN)

IMF Downgrades US Economic Forecast, Urges 'Credible Fiscal Policy'
(DBN)

Fed Likely to Begin 'Operation Twist'
(DBN)

Primer On Operation Twist
(DBN)

Bernanke Has Few Tools to Heal Economy
(DBN)

Republicans’ Letter to Bernanke Questioning More Fed Action
(DBN)

Americans Favor Jobs Plan Proposals, Including Taxing Rich
(DBN)

A Tax Others Embrace, U.S. Opposes
(DBN)

Key Context on Obama's Vague Proposed Millionaires' Tax
(DBN)

Reid: Democrats Undecided on Obama's Plan
(DBN)

Goldman Sees Fed Buying $300 Billion to $400 Billion in Operation Twist
(DBN)

Housing starts drop underscores economic woes
(DBN)

U.S. housing starts fall: What the economists say
(DBN)

Stocks, Credit Still Singing From Different Hymnals
(DBN)

IMF Says Commodity Prices to Decrease on Slower Economic Growth
(DBN)

'With only $500M, it is hard to afford a jet plane'
(DBN)

Are rich taxed less than secretaries?
(DBN)

Another Recession? The Odds Are 1 In 3, UBS Says
(DBN)

Zoellick Says Europe Crisis Raises Odds of Recession in U.S.
(DBN)

How The Economy Recovered, Stagnated, And Then Began To Fade Again
(DBN)

Why The Original Obama Stimulus Was Such A Disaster
(DBN)

Americans Say Federal Gov't Wastes Over Half of Every Dollar
(DBN)

22% Of Americans Want God's "Invisible Hand" To Guide The Economy
(DBN)

Our Sputtering Economy by the Numbers: Poverty Edition
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

10 million more mortgages set to default
(DBN)

MERScorp Sued With Bank of America by Dallas District Attorney
(DBN)

Attorneys General admit doubts on CFPB
(DBN)

Housing Starts in US Dropped More Than Forecast in August
(DBN)

Mortgage loan delinquencies fell 12% in August
(DBN)

Sales of Previously Owned U.S. Homes Probably Climbed From Eight-Month Low
(DBN)

Housing Is to the U.S. What Greece Is to the Euro Zone
(DBN)

U.S. Building Permits Rise To 7-month High In August
(DBN)

Construction is less than half the level that economists say is needed for a healthy economy
(DBN)

Homebuilders' shares mostly rise on housing data
(DBN)

Miller Says Countrywide Bankruptcy Would Be Last Option
(DBN)

Banks beware: Time is ripe for MBS breach-of-contract suits
(DBN)

Why we’re in the dark about the mortgage market
(DBN)

MBA supports large-scale REO disposition
(DBN)

CFPB expects ability-to-repay rule by early next year
(DBN)

Houston single-family home sales up 30% in August
(DBN)

FL: Texas firm eyes Channelside, other distressed properties
(DBN)

Federal housing program faces challenges in Florida's real estate market
(DBN)

Las Vegas commercial real estate defaults accumulate
(DBN)

Anchor properties’ mortgages sold at auction
(DBN)

Buy Your Own Private Island in New York City for <$300K
(DBN)

Slow Growth In Cities May Have Minimized Foreclosures
(DBN)

Pols Demand Jamie Dimon Visit Foreclosure-Ravaged Neighborhoods
(DBN)

The new slap in the face of foreclosure
(DBN)

New Reality TV Show Focuses On Arizona Foreclosure Auctions
(DBN)

Commercial real estate prices expected to rebound, SF Fed says
(DBN)

Miami Joint Venture Targets Distressed Multifamily Assets
(DBN)

_____________

Fraud:

Feds: Full Tilt Poker A Giant "Ponzi Scheme"
(DBN)

Highlights from the Full Tilt Ponzi Lawsuit
(DBN)

The $330 Million Poker Face
(DBN)

Expert-Networking Firm Executive Found Guilty in U.S. Insider Trading Case
(DBN)

Rajaratnam May Get Preview as Galleon Trader, Consultant Face Sentencing
(DBN)

Ex-SEC counsel should be investigated: watchdog
(DBN)

SEC Probes Trades Before US Rating Cut
(DBN)

Judge Rejects Madoff Clawback Suits As JPMorgan Seeks Dismissal
(DBN)

Madoff 'Feeder Fund' Seeks Review of $578 Million Fraud Lawsuit
(DBN)

SEC Refers Ex-Counsel's Actions on Madoff to Justice Dept.
(DBN - NY Times - Paywall Limit Possible)

SEC to Seek Another Vote on Position on Madoff Victims' Accounts
(DBN)

Court favors investors in Madoff scheme
(DBN)

If Bernie Madoff was a WASP
(DBN)

______________

Gambling:

U.S. Alleges Full Tilt Poker Was Ponzi Scheme
(DBN)

Full Tilt " Ponzi Scheme" has Players Hopes of Getting Paid Go from Slim to None
(DBN)

Is The Justice Department Responsible For Online Poker's Ponzi Scheme?
(DBN)

Full Tilt Used Poker Player Money to Pay Board, US Alleges
(DBN)

Full Tilt Poker cheated players out of $300 million
(DBN)

______________

Baseball:

Fox signals opposition to Dodgers' bid to sell TV rights
(DBN)

______________

Hockey:

Cuban out, Miller still in on pursuit of Stars
(DBN)

______________

Politics:

Poll: Elizabeth Warren leading Scott Brown ‎
(DBN)

Scott Brown Is Mortal
(DBN)

A Brand New Poll Should Have Wall Street Worried
(DBN)

Mass. GOP urges Harvard to end Elizabeth Warren's
(DBN)

Elizabeth Warren's Sox Appeal ‎
(DBN)

Perry Gets Mixed Job Reviews in His Home State
(DBN)

What Taxing the Rich Really Means
(DBN)

Poll Suggests Bachmann Support Fading
(DBN)

GOP rakes in cash
(DBN)

Reid warns government shutdown is possible
(DBN)

______________

Hotels:

In Trying to Walk Away From Deal, Cerberus Has Weak MAC Claim
(DBN)

______________

Health Care:

It's official: NYC hospital files for bankruptcy
(DBN)

Creditors file objections in Hoboken hospital bankruptcy case
(DBN)

Hoboken University Hospital creditors want more than $10M to allow for its sale
(DBN)

The Expanding Field of Medical Tourism
(DBN)

Hoboken mayor wants taxpayers to pay up to $5M to help sell University Hospital
(DBN)

NRMC on track to be in the black
(DBN)

Hospital executive pay draws media attention
(DBN)

Attorney general denies sale to controversial hospital chain
(DBN)

______________

Municipalities:

Poll: Support Mixed for Pre-Bankruptcy Municipal Mediation
(DBN)

Santa Ana looks at outsourcing fire, jail, zoo, library
(DBN)

How One State Avoided Fiscal Issues
(DBN)

Jeffco budget woes could lead to hundreds of layoffs
(DBN)

Jefferson County Sheriff Mike Hale says county will lay off 101 deputies
(DBN)

Alabama governor: November special session possible for Jefferson County
(DBN)

RI governor to tour Central Falls businesses
(DBN)

______________

Mass Torts:

Oil still matted on Gulf floor from BP spill
(DBN)

BP Says It Didn’t Hide Info About Gulf Well
(DBN)

Oil Spill Trial To Begin
(DBN)

Top Interior official heads to firm working for BP
(DBN)

Merlin Olsen's Heirs Settle Asbestos Lawsuit
(DBN)

Asbestos attorneys say time should've run out on fraud claim
(DBN)

______________

IP:

If Righthaven Declares Bankruptcy, Expect Lawyers To Go After Stephens Media, Media News, And Righthaven Principals
(DBN)

______________

Corporate Governance:

No soup for you: derivative actions concerning Delaware limited liability companies
(DBN)

______________

Credit/Debit Cards:

Last quarter, Citi mailed out more credit card offers than there are Americans
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

Fairfield Sentry, Lehman, Nebraska Book, Caribe, Qimonda
(DBN)

Madoff, Stars, Lehman, Banning, Broadstripe
(DBN)

Rochelle on Madoff, LA Dodgers Bankruptcies
(DBN)

______________

Bankruptcy Poetry:

Contact Sports
(DBN)

No Sun For You
(DBN)

WaMu Decision
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Absolute Priority Rule and Option Theory
(DBN)

______________

Bankruptcy Reform:

Resolution Plan Redux: Rule Requiring Insured Depository Institutions to Submit Resolution Plans Under the FDIA Closely Parallels Rule Requiring Bank Holding Companies to Submit Resolution Plans under the Dodd-Frank Act
(DBN)

______________

Insurance:

D&O Insurance: When Can Individuals' Fraudulent Misconduct be Imputed to the Insured Entity?
(DBN)

______________

Litigation:

Is Cost-Shifting the Next E-Discovery Game-Changer?
(DBN)

______________

Solar:

Solyndra Chief Won't Answer US House Queries
(DBN)

Issa Mulls House Probe of Loan Guarantees After Solyndra Failure
(DBN)

Sen. Johnson: Investigate 'green energy' bankruptcies
(DBN)

Lawmakers Pursue Investigations Into Solyndra Loan
(DBN)

Obama $8 Billion Solar Betamax Unwinds as China Backs Rival
(DBN)

Solyndra Facts & Lies
(DBN)

Solyndra Workers' Aid Request Shows Program's Flaws, Hatch Says
(DBN)

Congress throws Solyndra VCs under bus
(DBN)

Solyndra execs will decline to testify at hearing
(DBN)

Solar's Evolution: Survival of the Fittest
(DBN)

Solyndra: Poster Child for Bad Policy
(DBN)

The pseudo-debate over Solyndra
(DBN)

What lessons should be learned from Solyndra's demise?
(DBN)

Congressional Republicans Constantly Sought Clean Energy Subsidies
(DBN)

House To Investigate Obama "Cronies" Over Solyndra
(DBN)

Under Schwarzenegger, Solyndra Cashed In
(DBN)

Solyndra And The Perils Of Distressed M&A
(DBN)

Why Knowledge Is More Important Than Jobs: The Solyndra Story (Part 9)
(DBN)

______________

Directories:

Verizon Must Face Claims of Defrauding Creditors Amid Idearc Spinoff
(DBN)

______________

Tax:

The Biggest Challenge for Today's Tax Reformers
(DBN)

______________

 

Debt Collection:

Obama Proposal Loosens Restrictions on Cell Phone Calls for Debt Collection
(DBN)

U.S. District Court Grants Class Certification In Debt Collection Case Against PRA
(DBN)

Old School Debt Collection
(DBN)

______________

UK:

IMF cuts UK growth forecast to 1.1% and questions pace of cuts
(DBN)

Bank of England Minutes Suggest More QE Possible
(DBN)

U.K. Ministers Urge Stimulus
(DBN)

U.K. Consumer Confidence Falls as Economic Pessimism Increases
(DBN)

Greece Isn't The Only Place Where Austerity Is Failing
(DBN)

UK productivity lagging behind main competitors
(DBN)

U.K. Must Bring Forward Spending to Boost Economy: Huhne
(DBN)

Orrick London restructuring team leaves to join US rival Dewey
(DBN)

The Essential Guide to the powers, duties and obligations of a director of a private limited company
(DBN)

'Pub tsar' urged to halt closures
(DBN)

Appointment of Administrators - 20 September 2011
(DBN)

Winding Up Petitions - 20 September 2011
(DBN)

______________

EU:

IMF to Europe:Get Your Act Together
(DBN)

Hidden Cost of Greece, Euro Crisis: Suicides
(DBN)

'European Union' is an oxymoron
(DBN)

IMF wants Europe to get its finger out and US politicians to behave like adults
(DBN)

Many European Banks Would Be Bankrupt If They Carried Assets At Actual Market Values
(DBN)

Q&A: How did the euro zone get into its debt mess?
(DBN)

Munchau: “we are moving closer towards an involuntary break-up”
(DBN)

Souring Mood in Germany
(DBN)

German Banks Need Recapitalization Of 127 Billion Euros
(DBN)

Euro turns up; Greece, Fed in focus
(DBN)

Bundesbank Rejects IMF Call for ECB to 'Increase' Bond Buys
(DBN)

The EU’s Dysfunctional Adjustment
(DBN)

European Banks' Exposure to Greek Debt Erodes Market Confidence
(DBN)

The Euro Banks With The Most Exposure If Greece Defaults
(DBN)

Who Will Get Crushed If Italy Goes Bust
(DBN)

______________

PIIGS:

Greece to Default but Not Leave Euro
(DBN)

"Orderly default" in Greece? Good luck.
(DBN)

Greece will always be member of eurozone: Greek minister
(DBN)

Greece must take additional austerity steps-finmin
(DBN)

Greek Lawmakers Urged to Back Deeper Budget Cuts to Ensure Emergency Aid
(DBN)

Greece in new talks with debt inspectors on loans
(DBN)

Greece ends new talks with debt inspectors
(DBN)

Greece Bailout Review to Be Completed by ‘Troika’ in October
(DBN)

Student protest over Greek budget cuts
(DBN)

The idea of banks as villains is pretty well absorbed in Europe and America. But not in Greece
(DBN)

S&P's downgrade heightens Italy's woes
(DBN)

Italian Banks, Enel Brace for Rating Cut After S&P Downgrade
(DBN)

S&P Move Highlights Problem Of Italian Economic Slowdown
(DBN)

Italian downgrade stokes fears over Greece
(DBN)

Why Italy didn't deserve its S&P downgrade
(DBN)

Italian consumer groups to sue S&P over downgrade
(DBN)

Key Italian Economist Lashes Out at Berlusconi
(DBN)

Doubts remain over Berlusconi's will to reform
(DBN)

Spain Has Its Own Set of Problems Nowhere Near Being Solved
(DBN)

Spain situation has improved considerably: Trichet
(DBN)

ie: Pension Fund Lost €3.7 Billion On Banks
(DBN)

Ireland's "Bad Bank" Is Selling Tons Of Gorgeous Art At Christie's
(DBN)

______________

Canada:

Canada: Help, I'm on the IRS Hit List
(DBN)

Plan to keep NewPage resale ready heading to court for approval in Nova Scotia
(DBN)

NewPage creditors owed $156M
(DBN)

Last of Nortel's brass leaves behind a $1.22-million bill
(DBN)

______________

MENA:

Post-Arab Spring trying time for UAE financial institutions
(DBN)

______________

Japan:

Tepco Bond Risk Surges on Edano Loan Waiver Call
(DBN)

______________

Russia:

Yukos Wins Partial Victory Over Russia in European Court
(DBN)

______________

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